Multifamily Apartment Building
For Sale
Contact for pricing
1234 Main St, Sarasota, FL 34236
Confidential Sarasota multifamily property with a mostly two-bedroom mix and some month-to-month leases per the remarks.
Property SizeContact for details
Days on Market132
Property Features for 1234 Main St
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Cap Rate
5%
Listing Agency:
Tony Almengual Realtor
Listed By:
Tony Almengual · License #FL SL684697
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Aug 14 at 7:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tony Almengual Realtor
Investment Insights
Based on property information with market context.
Confidential opportunity featuring a multifamily apartment building with a mostly two-bedroom apartment mix. The offering also includes tenants on month-to-month leases, according to the provided remarks.
The property is described as being in Downtown Sarasota, with walkable proximity referenced to local commercial offerings and Bayfront Park, and a short drive referenced to nearby beaches such as Lido Key, Siesta Key, and Longboat Key.
The remarks indicate multiple strategies, including the possibility of demolition for redevelopment, as well as the presence of zoning that may allow short-term vacation rentals. A contact is provided for details, and principals-only with no co-broke offered is stated in the remarks.
The property is described as being in Downtown Sarasota, with walkable proximity referenced to local commercial offerings and Bayfront Park, and a short drive referenced to nearby beaches such as Lido Key, Siesta Key, and Longboat Key.
The remarks indicate multiple strategies, including the possibility of demolition for redevelopment, as well as the presence of zoning that may allow short-term vacation rentals. A contact is provided for details, and principals-only with no co-broke offered is stated in the remarks.
Key Highlights
- Mostly 2‑bedroom apartment mix in the Sarasota multifamily offering
- Half of the tenants are on month‑to‑month leases, allowing potential for quicker rent increases
- Proforma 5% cap rate is stated as attainable with raised rents
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,759
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Confidential Sarasota multifamily property with a mostly two-bedroom mix and some month-to-month leases per the remarks.
Where is this apartment building located?
The property is located at 1234 Main St Sarasota, FL.
What are key features of this property?
This property features: Mostly 2‑bedroom apartment mix in the Sarasota multifamily offering; Half of the tenants are on month‑to‑month leases, allowing potential for quicker rent increases; Proforma 5% cap rate is stated as attainable with raised rents
